RioCan Real Estate Investment Trust (OTCMKTS:RIOCF) Shares Up 0.5% – Still a Buy?

RioCan Real Estate Investment Trust (OTCMKTS:RIOCF)’s share price was up 0.5% during mid-day trading on Monday . The stock traded as high as $13.62 and last traded at $13.62. Approximately 2,761 shares changed hands during mid-day trading, a decline of 95% from the average daily volume of 58,155 shares. The stock had previously closed at $13.55.

RioCan Real Estate Investment Trust Stock Up 0.5 %

The firm’s 50 day moving average price is $14.37 and its 200-day moving average price is $13.39.

RioCan Real Estate Investment Trust Cuts Dividend

The firm also recently announced a dividend, which was paid on Thursday, November 7th. Shareholders of record on Friday, November 1st were paid a dividend of $0.067 per share. The ex-dividend date of this dividend was Thursday, October 31st. This represents a yield of 5.6%. RioCan Real Estate Investment Trust’s dividend payout ratio is 57.26%.

About RioCan Real Estate Investment Trust

RioCan is one of Canada's largest real estate investment trusts. RioCan owns, manages and develops retail-focused, increasingly mixed-use properties located in prime, high-density transit-oriented areas where Canadians want to shop, live and work. As at December 31, 2023, our portfolio is comprised of 188 properties with an aggregate net leasable area of approximately 32.6 million square feet (at RioCan's interest) including office, residential rental and 9 development properties.